CryptoCompare announces that the MVIS CryptoCompare Institutional Bitcoin Index has been licensed to 3iQ Corp for The Bitcoin Fund (Ticker: QBTC.u on the Toronto Stock Exchange). The exchange listing was taking place on April 9th.
The MVIS CryptoCompare Institutional Bitcoin Index is a rules-based index, intended to give investors a means of tracking the performance of Bitcoin on selected top tier exchanges. These exchanges include Binance, Bitflyer, Bitstamp, Coinbase, Gemini, itBit and Kraken.
Thomas Kettner, Managing Director at MV Index Solutions, said:
“We are pleased that our Digital Assets Indices continue to be popular and that we are now also the underlying index of a publicly listed investment fund in Canada. This will help to strengthen the status of digital assets as an asset class.”
Quynh Tran-Thanh, Chief Product Officer at CryptoCompare, said:
“We are delighted to see our Institutional Bitcoin Index used as the underlying index for The Bitcoin Fund. We believe that our robust Digital Asset Indices will continue to service the growing demand for regulated digital asset investment products.”
Featured image credit: Unsplash